Diebold’s directors have selected a former Ford Motor Co. executive to serve as chairman. Henry D.G. Wallace has been on the company’s board since 2003.
Diebold’s directors have elected a new chairman in anticipation of the pending retirement of the board’s current chairman.
Henry D.G. Wallace was elected board chairman. He replaces John N. Lauer, 73, who will retire from Diebold’s board in April per the company’s retirement policy.
Wallace, 67, has been on Diebold’s board since 2003. He was group vice president with Ford Motor Co.’s operations in the Asia Pacific region, and had served as president and chief executive office of Mazda Motor Corp.
During a 30-year career at Ford, Wallace held a number of positions in finance and general management at operations in the United Kingdom, Germany, the United States, Mexico, Venezuela and Japan. He is chairman of Lear Corp.’s board and a director at Ambac Financial Group. Wallace has a bachelor’s degree from the University of Leicester in England.
Lauer has been Diebold’s non-executive chairman since 2005 and joined the board in 1992. He is former chairman, president and chief executive officer of Oglebay Norton Co., an aggregates and industrial minerals business based in Cleveland. Prior to Oglebay, he served as president and chief operating officer of the B.F. Goodrich Co.
Lauer received a bachelor’s degree from the University of Maryland, and a master’s degree from Texas A&M University.